Month: February 2020

Golden Predator Announces Up to 96.8% Gold Recovery from Sulfide Concentrates Using Cyanide-Free Solution at Yukon Test Plant

MotherlodeTV
Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company “or “Golden Predator”) reports continuing success in field testing of EnviroLeach Technologies Inc.’s (“EnviroLeach”) (CSE: ETI) (OTCQB: EVLLF) (7N2: FSE)  non-cyanide environmentally-friendly solution in Golden Predator’s Secondary Recovery Unit (SRU) at its Yukon test processing plant (“Plant”).  Eleven test batches totaling approximately 2 tonnes of the previously announced 5 tonne test sample resulted in 93.17% recovery of contained gold yielding 132.23 ounces of gold doré. Recoveries improved as the tests advanced with the final five test batches yielding 96.8% recovery of gold. These highly gratifying results confirm that processing and recovering environmentally friendly gold from high grade sulfide concentrate can be achieved with greater efficiency than cyanide, with far less environmental risk and far fewer regulatory requirements. read more

Renforth Resources: Drilling to Production

JayCurrie
RNR.C, Renforth Resources, gold, Quebec

Junior exploration companies often struggle to tell their story to investors. Press Releases, even when they contain excellent news such as Renforth Resources (RNR.C) release on February 25th, are required to be technical and precise. That is not enough for Renforth’s CEO Nicole Brewster. In addition to the press release, Brewster puts out a set of informal notes, read more

Renforth Drills 1.25 g/t Au over 7.5m at a Vertical Depth of 330m in a 110m Western Step Out on the Piché Volcanic Mine Vein Sequence at New Alger

MotherlodeTV
RFR.C, Renforth Resources, gold, Quebec
  • All 3 known mine area veins were intersected in this hole, widths up to 16m in the vein package
  • REN-20-38 creates one of the deepest pierce points at New Alger at 360m vertical depth with an interval of 1.84 g/t Au over 1m in Vein #1.
  • REN-20-38 is 300m in from the western property boundary, >700m from the main shaft of the historic Thompson-Cadillac Mine and the current deepest pierce point at 404m vertical depth. REN-20-38 results give depth continuity across the property.

PICKERING, ON / ACCESSWIRE / February 25, 2020 / Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF) (“Renforth” or the “Company”) is pleased to announce results from the first hole drilled in the 2020 drill program at our wholly owned New Alger property, located on 1.4 kms of the Cadillac Break near Cadillac, Quebec. REN-20-38, a successful 110m step out to the west from any previous Renforth drilling of the Piché volcanics, is additional validation of the results obtained in the 1940’s drilling by Alger Gold Mines Limited which demonstrate gold mineralization across the entire western portion of New Alger. read more

Golden Predator Drill Results Extend Known Mineralization 400 meters at Brewery Creek Mine; Continuous Zone of Oxide Mineralization Now Extends 2.8 km Along Strike

MotherlodeTV
Golden Predator, V.GPY, gold, Yukon, Bill Sheriff

Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) reports additional positive drill results from its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon.  Step-out drill holes at the Golden Zone along Brewery Creek’s prolific Reserve Trend have extended mineralization an additional 400 m along strike to the east of the historical lower Golden pit.  These step-out holes tested a previously undrilled 500 m long segment of the projected mineralized structural zone extending from the Golden pit to the Lucky Pit.  The mineralization remains open along strike to the northeast and at depth. read more

White Gold Corp. Further Extends VG Deposit Mineralization and Advances New High Priority Targets in Close Proximity to VG Deposit on QV Property

MotherlodeTV
V.WGO, White Gold, gold, Yukon

White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce positive RC drill results on its recently acquired VG Deposit located on the QV Property. The drilling extended known mineralization which remains open in all directions and shows similarities to the nearby Golden Saddle deposit. The QV Property was acquired in early 2019 and contains the VG Deposit, which hosts an historic inferred gold resource of 230,000 oz at 1.65 g/t Au(1) and several highly prospective undrilled targets in close proximity. The QV Property is historically underexplored and demonstrates strong similarities and prospective geology as that found on both the White Gold and JP Ross properties. Drilling in 2019 was designed to step-out on the VG deposit along strike to the NE and SW, and to infill gaps in the deposit’s historic resource model. The Company’s fully-funded $13 million 2019 exploration program, backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC), includes diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) as well as soil sampling, prospecting, GT Probe sampling, trenching and RAB/RC drilling on various other properties across the Company’s expansive land package located in the prolific White Gold District, Yukon, Canada. read more

FSD Pharma Generates $7.7 Million in Proceeds and 670% Return on Investment through Sale of Interest in Cannara Biotech

MotherlodeTV
C.HUGE, FSD Pharma, cannabis, pot

FSD Pharma Inc. (NASDAQ: HUGE) (CSE: HUGE) (FRA: 0K9A) (“FSD Pharma” or the “Company”) today announced the sale of its 12% equity interest in Cannara Biotech Inc. (CSE: LOVE) (“Cannara”) to a consortium of buyers for cash proceeds of more than $7.7 million (the “Share Sale Transaction”). read more

Eloro Resources Grants Stock Options

MotherlodeTV
ELO.V, Eloro, 321gold.com, Bob Moriarty, Bolivia, Iska Iska property,

 Eloro Resources Ltd. (TSX-V: ELO; FSE: P2Q) (“Eloro”) announces the grant of options to directors, officers, employees and consultants to purchase an aggregate of 1,755,000 common shares of Eloro, exercisable at $0.40 per share at any time on or before February 18, 2025. The grant is subject to TSX Venture Exchange acceptance and is made in accordance with and subject to the terms of Eloro’s stock option plan. In accordance with securities regulatory requirements, any shares issued pursuant to the exercise of such options will be subject to a resale restriction for a period of four months from the date of the grant. read more